Smoking ban could impact critical illness cover

Two UK actuaries today (13 May) share the latest research which shows a significant and sustained reduction in the incidence of medical conditions linked to smoking, such as heart attack and respiratory illnesses. They are speaking at the Actuarial Profession's Health and care conference, 12-14 May 2010, Celtic Manor in Newport, Wales.

Bridget Browne, chief pricing actuary, life, PartnerRe, said: The UK smoking ban could result in fewer critical illness claims; 80% of such claims are accounted for by heart attacks, strokes and cancer, all of which are linked to smoking. Looking purely at the demonstrable health benefits, we can say that the smoking ban has been successful.

The smoking ban in the UK should be considered within the context of improving mortality rates across all ages and risk profiles since the 1950s.

Kevin O'Regan, head of longevity, PartnerRe, said: The foundation of the NHS, a reduction in smoking during the 1970s and 1980s, and the introduction of statins, which help to treat cholesterol and to improve cardiovascular health, have had a profound impact on mortality rates in the UK. In this context, the smoking ban continues an overall trend of mortality improvements.

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Enquiries: Tel. Liz Bury on 020 7632 2181 / 07798 804 871 or email: elizabeth.bury@actuaries.org.uk

Notes to Editors

1. Members of the press are invited to attend this conference. Please contact Elizabeth Bury as above to arrange accreditation.
2. Actuaries provide commercial, financial and prudential advice on the management of a businesss assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
3. Members of the Profession have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyds.
4. The Profession is governed jointly by the Faculty of Actuaries in Edinburgh and the Institute of Actuaries in London. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of the Profession in society.
5. The Profession is available to provide expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.